Flashback: President Promises Obamacare Won't Add 'One Dime To Our Deficits' Medicare Trustee: ObamaCare May Hike Deficit $527 Bil President Obama's signature health reform law will add as much as $527 billion to federal deficits over the next decade, not cut them as advertised, according to a report released Tuesday. The Affordable Care Act will add as much as $1.2 trillion to federal spending between 2012 and 2021, the report also finds. Charles Blahous, who serves as one of Medicare's trustees, wrote the report, published by George Mason University's Mercatus Center.Read the rest at Investor's Business Daily.